Saturday , August 8, 2026 |   05:33:54 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
DTAA - A transaction is taxable in India where no income arising from such transaction is taxed in India, no profits is attributed to PE in India & where transaction is also accepted at arm's length in case of Indian AEs: ITAT (See Breaking News) I-T -ESOP expenses quantified under fair value method are allowable deductions u/s 37: ITAT (See Breaking News) I-T - Capital gains from sale of shares in real estate company are taxable only in state of residence if investment is minority holding: ITAT (See Breaking News) Real household income growth slows in OECD in Q1 (See Brief) I-T - Additional claim for treaty relief u/s 90 cannot be admitted for first time before Tribunal if its determination depends on mandatory factual verification: ITAT (See Breaking News) TP - Comparables must satisfy filters adopted for benchmarking, including RPT threshold, functional comparability, availability of segmental data, and trading sales filter: ITAT (See Breaking News) I-T - Round-trip voyage constitutes carriage of passengers within meaning of Sec 44B: SC (See Breaking News) TP - Omission of clause (i) of Sec 92BA by Finance Act, 2017, without any saving clause, renders it retrospectively inoperative from date of its original introduction: ITAT (See Breaking News) I-T - Reassessment notice is invalid if recorded reasons are founded on incorrect facts, especially when AO states that information was received under DTAA for years in respect of which such exchange of information was not legally available: ITAT (See Breaking News) INTL - Mere signing or generation of an order does not amount to its issuance & that dispatch is a sine qua non for a valid order: ITAT (See Breaking News) TP - Turnover filter adopted by TPO cannot be applied mechanically to exclude otherwise functionally comparable company if deviation from threshold is only marginal: ITAT (See Breaking News) TP - Date of uploading DRP directions on ITBA portal & its electronic communication via email, constitutes date of receipt by AO for computing limitation u/s 144C(13): ITAT (See Breaking News) TP - Entities engaged in retail trade and aftermarket service possess fundamentally different functional and market profiles compared to a wholesale trader supplying to OEMs in which case they cannot be adopted as comparables : ITAT (See Breaking News) I-T - Assessment order passed in name of non-existent entity, despite Revenue having been informed of its dissolution through amalgamation, is void ab initio: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

EIF delves deep into trade priorities for LDCs
By TII News Service
May 05, 2021 , Geneva

    

THE Enhanced Integrated Framework (EIF) on Tuesday released policy briefs on tourism, apparel and sustainable development strategies, recommending actions to boost the participation of Least Developed Countries (LDCs) in global trade. A major focus is on the impact of the COVID-19 crisis and governments' policy responses.

Using case studies from various countries, including Cambodia, Madagascar, Lesotho and Zambia, as models, the briefs offer an overview of critical trade topics and recommend measures that LDCs could take at both the policy and institutional levels to improve trading opportunities.

A brief looks at integrating trade into sustainable development strategies using Cambodia as an example of reducing poverty and achieving its development objectives. International trade and investment have played a major role in the country sustaining an average growth rate of 7.9 per cent from 1997-2017. The country saw success mainstreaming trade by strategically directing the process, investing in its human capacity and fostering stakeholder dialogues and consultations across government institutions.

The goal of integrating trade in a country’s development planning is to improve livelihoods. But there also needs to be evidence that international trade is contributing to doing so – something that needs to be part of the work of trade mainstreaming, the brief notes.

The second brief looks at LDCs who have seen success using tourism to support recovery from the COVID-19 pandemic. The tourism sectors must be rebuilt with sustainability in mind, says the brief. Community and nature-based tourism look promising in that respect. The Sierra Leone government has been aiming to capitalise on the country’s natural and cultural resources to attract tourists and promote community development.

A sustainable tourism development project that started in 2020, coordinated by EIF with Sierra Leone’s National Tourism Board and Tourism Ministry, is tackling key constraints and working to increase the nation’s presence as an attractive tourism destination on the international market.

The third brief looks at strengthening value chains in the clothing sector for LDCs aiming for export-oriented industrialisation as the global fashion industry recovers and evolves from the pandemic. Government support and a conducive policy environment are necessary, as are enabling investment frameworks. Strengthened relationships between buyers and suppliers help build resilience, and this includes greater transparency in the supply chain so as to reduce power imbalances.

Finally, social and environmental industry standards should take centrestage in the recovery, to ensure garment factory workers earn a living wage and have workplace protections in place.

The briefs draw from LDC governments, EIF and partner experience working to support trade across a vast landscape. Armed with examples and evidence of what has worked and what has not, together with strong support from international institutions, it comes up with a variety of short- to long-term actions which makes trade development in LDCs possible.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.